1,000,000 Shares of APPLE Stock to the new CEO.. - GoFuckYourself.com

Juicy D. Links · 08-26-2011, 03:14 PM

Cha Chingggggggggg

http://www.macrumors.com/2011/08/26/...-as-ceo-bonus/

Quote:

Apple filed a form 8-K with the SEC because of the changes in corporate leadership at the company. An 8-K is the ?current report? companies must file with the SEC to announce major events that shareholders should know about.

In this case, the form notifies investors of the resignation of Steve Jobs as CEO; Jobs' appointment as Chairman of the Board; COO Tim Cook's promotion to CEO; and the appointment of Cook to the Board.

Additionally:
In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.
This stock award is worth just over $383 million at current prices.

A restricted stock unit, or RSU, is a form of compensation valued in terms of company stock, but the stock is not issued at the time of the grant. In Cook's case, he's getting a promise from Apple to deliver him 500,000 shares of Apple stock in 2016, and 500,000 more shares in 2021 ? as long as he stays employed at the company.

In 2010, as COO, Tim Cook received $58 million in salary, bonus and other stock awards.

AsianDivaGirlsWebDude · 08-26-2011, 03:19 PM

ADG

tony286 · 08-26-2011, 03:51 PM

See it pays to move the factory jobs fron CA to China

woj · 08-26-2011, 03:54 PM

damn, chi-ching indeed

Relentless · 08-26-2011, 04:01 PM

It seems to me that says Apple has until 2016 to decide if he is worth a 150M bonus... if not they fire him before the shares vest. Keeping shares at all time highs and keeping people with unrealistic expectations happy for four years is not an easy task.

V_RocKs · 08-26-2011, 04:59 PM

he will make way more than that in bonuses each year.

seeandsee · 08-26-2011, 05:05 PM

some super serious cash in apple

epitome · 08-26-2011, 07:28 PM

To put it in perspective, that guy is now responsible for close to $80 billion in cash and all of the Apple revenue.

Seems like a fair compensation package to me.

Chosen · 08-26-2011, 09:15 PM

I've no interest in counting other people's money....

twistyneck · 08-26-2011, 10:00 PM

Meanwhile the people who do the actual work get nothing.

epitome · 08-26-2011, 10:49 PM

Quote:

Originally Posted by twistyneck

Meanwhile the people who do the actual work get nothing.

They get the wage they agreed to work for. Just like the new CEO.

SomeCreep · 08-27-2011, 12:36 AM

By 2021, his position will be worth many billions of dollars. Thats the first case I can think of where a CEO would become a billionaire from running a company he did not start/found.

08-26-2011, 03:19 PM	#2
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08-26-2011, 03:54 PM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	damn, chi-ching indeed __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-26-2011, 04:01 PM	#5
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,697	It seems to me that says Apple has until 2016 to decide if he is worth a 150M bonus... if not they fire him before the shares vest. Keeping shares at all time highs and keeping people with unrealistic expectations happy for four years is not an easy task. __________________ Website Secure \| Engine Food ICQ# 266-942-896

08-26-2011, 05:05 PM	#7
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	some super serious cash in apple __________________ BUY MY SIG - 50$/Year Contact here

08-27-2011, 12:36 AM	#12
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	By 2021, his position will be worth many billions of dollars. Thats the first case I can think of where a CEO would become a billionaire from running a company he did not start/found. __________________ Webair Hosting I use and recommend Webair for hosting.

08-26-2011, 03:51 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	See it pays to move the factory jobs fron CA to China

08-26-2011, 04:59 PM	#6
V_RocKs Damn Right I Kiss Ass! Industry Role: Join Date: Dec 2003 Location: Cowtown, USA Posts: 32,409	he will make way more than that in bonuses each year.

08-26-2011, 07:28 PM	#8
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	To put it in perspective, that guy is now responsible for close to $80 billion in cash and all of the Apple revenue. Seems like a fair compensation package to me.

08-26-2011, 09:15 PM	#9
Chosen VIPPay.com \| AdultWebSponsors.com Industry Role: Join Date: Aug 2001 Posts: 63,151	I've no interest in counting other people's money....

08-26-2011, 10:00 PM	#10
twistyneck So Fucking Banned Join Date: Jan 2002 Location: Hanging by the neck until dead. Posts: 4,660	Meanwhile the people who do the actual work get nothing.